Essent Group Ltd (NYSE:ESNT) Director Andrew Turnbull sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $45.00, for a total value of $450,000.00. Following the completion of the sale, the director now owns 45,409 shares in the company, valued at $2,043,405. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Andrew Turnbull also recently made the following trade(s):

  • On Monday, December 4th, Andrew Turnbull sold 15,813 shares of Essent Group stock. The shares were sold at an average price of $45.62, for a total value of $721,389.06.

Essent Group Ltd (ESNT) traded up $0.02 during trading on Tuesday, hitting $45.54. The company’s stock had a trading volume of 810,957 shares, compared to its average volume of 691,037. The company has a market cap of $4,480.00, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.46 and a beta of 1.15. Essent Group Ltd has a 52-week low of $31.33 and a 52-week high of $46.15.

Essent Group (NYSE:ESNT) last posted its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. Essent Group had a return on equity of 18.55% and a net margin of 51.64%. The firm had revenue of $150.20 million for the quarter, compared to analysts’ expectations of $143.79 million. During the same period in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 23.9% compared to the same quarter last year. sell-side analysts anticipate that Essent Group Ltd will post 3.08 earnings per share for the current year.

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods set a $43.00 price target on Essent Group and gave the stock a “hold” rating in a report on Monday, August 7th. Barclays increased their price target on Essent Group from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. Deutsche Bank increased their price target on Essent Group from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut Essent Group from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, BidaskClub cut Essent Group from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $45.78.

Several large investors have recently modified their holdings of ESNT. Dimensional Fund Advisors LP raised its position in shares of Essent Group by 84.0% during the first quarter. Dimensional Fund Advisors LP now owns 574,453 shares of the financial services provider’s stock worth $20,778,000 after purchasing an additional 262,251 shares during the period. Strs Ohio raised its position in shares of Essent Group by 1.3% during the second quarter. Strs Ohio now owns 37,900 shares of the financial services provider’s stock worth $1,407,000 after purchasing an additional 500 shares during the period. NGAM Advisors L.P. acquired a new position in shares of Essent Group during the second quarter worth approximately $1,663,000. Bessemer Group Inc. raised its position in Essent Group by 0.8% in the 2nd quarter. Bessemer Group Inc. now owns 66,100 shares of the financial services provider’s stock valued at $2,455,000 after buying an additional 500 shares during the last quarter. Finally, TD Asset Management Inc. raised its position in Essent Group by 10.4% in the 2nd quarter. TD Asset Management Inc. now owns 12,700 shares of the financial services provider’s stock valued at $472,000 after buying an additional 1,200 shares during the last quarter. 85.83% of the stock is currently owned by institutional investors.

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About Essent Group

Essent Group Ltd. is a private mortgage insurance company. The Company is engaged in offering private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its products and services include mortgage insurance, contract underwriting, and Bermuda-based insurance and reinsurance.

Insider Buying and Selling by Quarter for Essent Group (NYSE:ESNT)

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